Globalworth Real Estate Inv Ltd Investment grade rating maintained - Correction (8299E)

TIDMGWI

RNS Number : 8299E

Globalworth Real Estate Inv Ltd

04 July 2023

FOR IMMEDIATE RELEASE

4 July 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Fitch investment grade credit rating maintained - Correction

Further to the announcement made on 3 July 2023 the Company advises that the there was a typographical error in the credit rating which should have been 'BBB-' not 'BBB'.

All other details remain unchanged. The full text of the corrected announcement is below.

Globalworth, the leading office investor in Central and Eastern Europe, announces that, following the annual review, Fitch Ratings ("Fitch"), the international credit rating agency, affirms the Company's issuer credit rating at `BBB-` and revises the Outlook to "Negative".

Globalworth remains committed to maintaining a strong balance sheet and a prudent approach to risk management.

For further information visit www.globalworth.com or contact:

 
 Enquiries 
 Stamatis Sapkas                     Tel: [phone] 
  Chief Financial Officer 
 Panmure Gordon (Nominated Adviser   Tel: [phone] 
  and Broker) 
  Dominic Morley 
 

About Globalworth / Note to Editors :

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is EUR3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

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July 04, 2023 02:00 ET (06:00 GMT)